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The Association of the Luxembourg Fund Industry (ALFI) welcomes the decision of MSCI to include China A-Shares (5%) into the MSCI Emerging Markets Index, resulting in an approximate weight of 0.73% in the index which was announced yesterday. "The decision of the MSCI to include China A-shares into the MSCI EMI has been long awaited by all market participants. Over the past few years, authorities in China have embarked on an ambitious agenda for the liberalisation of capital markets in the mainland, which is now reaping benefits," said Marc-Andre Bechet, Director of Legal and Tax Affairs at ALFI.
"The weight which is assigned to China A-shares is still modest compared to the size of China's economy, now the second largest in the world. From a market stability standpoint...
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